LONDON/HONG KONG (Reuters) - Stocks, oil and risk currencies gained on Tuesday as the formal go-ahead for U.S. President-elect Joe Biden to begin his transition burnished a November already boosted by COVID-19 vaccines. Futures for the S&P 500 rose 1.2% in early European trading hours and putting the 49-country MSCI world stocks index on course to set a new record high later. Japan’s Nikkei jumped 2.5% to its highest level since May 1991 overnight, with energy, real estate and financial shares leading the advance. Australia’s S&P/ASX 200 was 1.26% stronger, touching its highest level in almost nine months, with energy stocks leading the pack there. Also spurred on by the vaccine hopes, oil reached levels not seen since before the coronavirus began to spread rapidly in March and decimated demand.
Persons: Joe Biden, Mick Mulvaney, Emily W, Murphy, Emily Murphy, Biden, Donald Trump, ”, Emmanuel Cau, Janet Yellen, Steven Mnuchin, Australia’s, Seoul’s Kospi, Hong, Stephen Innes, Gold Organizations: Reuters, U.S, COVID, Office, Management, General Services Administration, GSA, Handout, REUTERS, Brent, Barclays, Treasury, Japan’s Nikkei, Global, Biden, AstraZeneca, Oxford University, New Zealand, West Texas Locations: HONG KONG, U.S, Washington , U.S, Asia, Pacific, Japan, China, Washington, Beijing
LONDON/HONG KONG (Reuters) - Stocks, oil and risk currencies including bitcoin gained on Tuesday as the formal go-ahead for U.S. President-elect Joe Biden to begin his transition burnished a November already boosted by COVID-19 vaccines. Japan’s Nikkei jumped 2.5% to its highest level since May 1991 overnight, with energy, real estate and financial shares leading the advance. Australia’s S&P/ASX 200 was 1.26% stronger, touching its highest level in almost nine months, with energy stocks leading the pack there. Also spurred on by the vaccine hopes, oil reached levels not seen since before the coronavirus began to spread rapidly in March and decimated demand. “Progress on developing and distributing a vaccine de-risks the path back to normal for oil markets,” said Stephen Innes, chief global markets strategist at financial services firm Axi.
Persons: bitcoin, Joe Biden, Toby Melville, Emily Murphy, Biden, Donald Trump, ”, Emmanuel Cau, Janet Yellen, Steven Mnuchin, Australia’s, Seoul’s Kospi, Hong, Bitcoin, Stephen Innes, Gold Organizations: Reuters, U.S, COVID, London Stock Exchange Group, City of, REUTERS, Brent, General Services Administration, Barclays, Treasury, Japan’s Nikkei, Global, Biden, AstraZeneca, Oxford University, New Zealand, West Texas Locations: HONG KONG, City, City of London, Britain, Asia, Pacific, Japan, China, Washington, Beijing, Germany
U.S. stocks also got an added boost after reports that Biden plans to nominate former Federal Reserve Chair, Janet Yellen, to become the next Treasury Secretary. Australia’s S&P/ASX 200 was 1.1% stronger, touching its highest level in almost nine months, with energy stocks leading the pack. AstraZeneca said its COVID-19 vaccine, cheaper to make, easier to distribute and faster to scale-up than its rivals, could be as much as 90% effective. Recent U.S. data restored a bit of confidence that the economy is holding up, despite surging COVID-19 infections and a painful lack of fresh fiscal stimulus,” said Kyle Rodda, a market analyst for IG Australia. Oil prices added to last week’s gains as traders anticipated the vaccine news would spur a recovery in energy demand.
Persons: Joe Biden, Kim Kyung, Emily Murphy, Biden, Donald Trump, Janet Yellen, Australia’s, Seoul’s Kospi, Hang Seng, ”, Kyle Rodda, Stephen Brennock, Brent Organizations: Reuters, Tokyo Stock Exchange, REUTERS, Hoon U.S, General Services Administration, Futures, Nikkei, AstraZeneca, “ Traders, IG Australia, Treasury, U.S, Dow Jones, Nasdaq, “, United Locations: WASHINGTON, HONG KONG, Tokyo, Japan, Asia, Pacific, U.S
ET Covid-19 Live Updates: As Crisis Deepens, Biden Team to Be Briefed on Disjointed U.S. On Monday, President Trump’s government finally authorized Mr. Biden to begin a formal transition process. In the absence of a formal transition, Mr. Biden had been left trying to signal to Americans that he is prepared to take charge of a disjointed federal virus response. “It doesn’t matter who you voted for, where you stood before Election Day,” Mr. Biden said in Delaware in early November after announcing a coronavirus task force. Coronavirus Vaccine Tracker A look at all the vaccines that have reached trials in humans.
Persons: Biden, Joseph R, Kamala Harrris, Anna Moneymaker, Trump’s, —, Trump, Stephen M, Hahn, ” Mr, ” — Sheila Kaplan, Fabio Bucciarelli, David Engelthaler, Engelthaler, — James Glanz, Benedict Carey, Andrew Testa, That’s, — Carl Zimmer, Boris Johnson, we’re, Tolga, Johnson’s, Mr, Johnson, “, ”, Mark Landler, It’s, Jim Wilson, Michelle Lujan Grisham, Barbara Ferrer, Sarah Stacke, Andrew M, Cuomo, Doug Steiner Organizations: Biden Team, ., The New York Times, Department of Health, Human Services, Centers for Disease Control, Food and Drug Administration, General Services Administration, Republican, Democratic, —, Los Alamos National Laboratory, Genomics Research, AstraZeneca, University of Oxford, The New York, Reuters, British, Credit, Agence France, Downing, Conservative, Oxford University, Midwest, New York Times, Albuquerque . Baltimore ., Banner Health, Astoria Studios, Steiner Studios, Brooklyn Navy Yard, Silvercup Studios, Hollywood Locations: U.S, Arizona , California, Pennsylvania, Australia, United States, Delaware, Bergamo, Italy, China, Europe, New York City, Northern, Wuhan, Arizona, Oxford, England, Covid, Britain, Pfizer’s, British, Oakland, Calif, Upper Midwest, States, North Dakota, Wisconsin, Midwest, California, Delaware , Louisiana , Maryland , New Hampshire , New Mexico, Vermont, New Mexico, Pittsburgh, Albuquerque . Baltimore, Albuquerque . Baltimore . San Diego, El Paso, Los Angeles County, York, Amsterdam ”, Manhattan, New York, Queens, Long Island
It also paves the way for Biden and Vice President-elect Kamala Harris to receive regular national security briefings that Trump also gets. On Tuesday, Biden and Harris are expected to formally introduce their appointments to critical national security and foreign policy positions in Wilmington, Delaware. Two Trump administration officials said the Biden agency review teams could begin interacting with Trump agency officials as soon as Tuesday. The Biden transition team said meetings would begin with federal officials on Washington’s response to the coronavirus pandemic, along with discussions of national security issues. The letter came shortly after Michigan officials certified Biden as the victor in their state.
Persons: Joe Biden, Trump, Kamala Harris, Tom Brenner, Critics, Biden, Harris, Antony Blinken, John Kerry, Jake Sullivan, Linda Thomas, Janet Yellen, Sue Gough, ” Gough, Emily Murphy’s, Emily, ” Trump, “, ” Biden, Murphy, State Barbara Cegavske, Don Beyer Organizations: Reuters, National Governors Association, REUTERS, Services, Twitter, GSA, Trump, Biden, State Department, Democratic, United Nations, Treasury, Pentagon, Department of Defense, DoD, Department, Michigan, State, Republican, Obama, Commerce Department Locations: WILMINGTON , Delaware, Wilmington , Delaware, U.S, Greenfield, Nevada
FILE PHOTO: China's State Councillor Wang Yi gestures as he meets with Canada's Foreign Minister Francois-Philippe Champagne in Rome, Italy, August 25, 2020. TRADEWhile encouraging its companies to diversify supply chains away from China, Japan is getting closer with Beijing through trade agreements. Wang will fly to South Korea after Japan, for talks that will include North Korea. The United States, a key security backer of Japan and South Korea, is going through a drawn-out leadership transition to new president-elect Joe Biden. Experts said Wang’s diplomacy could help lay the groundwork for a trilateral summit with Japan and South Korea to push forward trade partnerships.
Persons: Wang Yi, Francois, Philippe Champagne, Nardi Wang, Yoshihide Suga, Suga, Japan’s, Toshimitsu Motegi, Wang, Motegi, China’s, Biden, ”, Toshiya Takahashi, Joe Biden, Xi Jinping, “, Donald Trump Organizations: China’s, Canada's, REUTERS, Comprehensive Economic, Shoin University, The, Trans, Pacific, U.S Locations: TOKYO, Tokyo, Japan, China's, Rome, Italy, China, United States, Australia, Vietnam, Indonesia, East, Beijing, South Korea, North Korea, The United States
There was a testing system, a separate national tracing service and a smartphone app for digital contact tracing. These labs were operated by various firms and academic institutions, and overseen by the Department of Health, the health ministry. When the community testing data became available, a more worrying picture emerged, said Arooj Shah, deputy leader of Oldham Council. But, as COVID-19 cases started rising again, Meehan despaired. Most of the time, the contact tracers said they had little to do - even when COVID-19 cases were rising.
Persons: Andrew MacAskill, Stephen Grey, Ryan McNeill, Steve Stecklow, Tommy Wilkes, Andrew R.C, Marshall, Phil Noble, Colin Hutchinson, Hutchinson, ”, who’d, gaunt, Hutchinson wasn’t, Boris Johnson’s, Johnson, coronavirus, David Heymann, Heymann, “, Graham Medley, Lords, Dido Harding, we’ve, David Bonsall, you’ve, ” Bonsall, Eleanor Roaf, Harding, –, Matt Hancock, John Newton, Hancock, Serco, Sitel, Mat Barrow, Barrow, ” Jon Crowcroft, Crowcroft, they’d, Arooj Shah, Marie Meehan, Peggy Curley, Meehan, ” Meehan, Meehan despaired, Polly Gould, Gould, Tim Daily, Milton Keynes, Daily, ‘, ’ ”, Martin McKee, epidemiologists, Britain’s, Meehan’s Organizations: REUTERS, Labour Party, England, Reuters, Public Health, Department of Health, Social, SAGE, Conservative Party, National Health Service, Randox Laboratories, Serco, Association of Public Health, Deloitte, Lighthouse Labs, University of Cambridge, Oldham Council, Oldham, Britain, Residents, Lighthouse, Sitel, London School of Hygiene, Tropical Medicine, Royal Society Locations: HALIFAX, England, Bolton, Britain, Halifax , Yorkshire, United States, Germany, Spain, France, Asia, Singapore, Taiwan, Europe, Pacific, China, South Korea, Australia, New Zealand, Oxford, Trafford, Greater Manchester, Public Health England, COVID, Leeds, Oldham, London, North West, Liverpool, Milton Keynes, Isle of Wight, Milton
It also paves the way for Biden and Vice President-elect Kamala Harris to receive regular national security briefings that Trump also gets. The Biden transition team said meetings would begin with federal officials on Washington’s response to the coronavirus pandemic, along with discussions of national security issues. Slideshow ( 7 images )Two Trump administration officials said the Biden agency review teams could begin interacting with Trump agency officials as soon as Tuesday. “This is probably the closest thing to a concession that President Trump could issue,” said Senate Democratic leader Chuck Schumer. He named Jake Sullivan as his national security adviser and Linda Thomas-Greenfield as U.S. ambassador to the United Nations.
Persons: Donald Trump’s, Joe Biden, Trump, Biden’s, Biden, Antony Blinken, Emily Murphy, Kamala Harris, Murphy, Emily, ” Trump, ”, Chuck Schumer, Don Beyer, Jake Sullivan, Linda Thomas, John Kerry, Janet Yellen, Alejandro Mayorkas Organizations: White, Trump, Republican, Democratic, State Department, General Services Administration, GSA, Michigan, Twitter, Biden, Obama, Commerce Department, Democrats, Republicans, United Nations, Treasury, Department of Homeland Security Locations: WASHINGTON, WILMINGTON, Del, Trump, Michigan’s, Greenfield, U.S
LONDON — European stocks are expected to open higher on Tuesday amid growing optimism that another effective coronavirus vaccine has been discovered, and on news that the Trump administration has accepted President-elect Joe Biden's transition into office. London's FTSE is seen opening 33 points higher at 6,378, Germany's DAX 86 points higher at 13,258, France's CAC 40 up 32 points at 5,538 and Italy's FTSE MIB 210 points higher at 21,921, according to IG. The gains in futures also came after General Services Administration chief Emily Murphy told President-elect Joe Biden that the Trump administration is making federal resources available for his transition into office. News that Biden has picked former U.S. Fed Chair Yellen to be Treasury secretary may also have buoyed investor sentiment on Tuesday. Subscribe to CNBC PRO to access live PRO Talks, including our Dec. 2 discussion on opportunities and risks in international markets.
Persons: Trump, Joe Biden's, Germany's DAX, Emily Murphy, Joe Biden, Murphy, Donald Trump, Biden, Yun Li, Kevin Breuninger Organizations: FTSE, CAC, IG, Wall, AstraZeneca, Pfizer, BioNTech, General Services Administration, U.S, Senate, Stocks, Ifo, CNBC PRO Locations: Moderna, Japan, Asia, Pacific
SINGAPORE (Reuters) - Brent crude prices hit their highest levels since March as news of a third promising coronavirus vaccine candidate spurred hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Brent rose to a session high of $46.56 earlier on Tuesday, the highest level traded since early March before Saudi Arabia initiated a price war with Russia, which sent oil prices crashing. Both oil benchmarks settled up about 2% on Monday after gaining about 5% last week. For a graphic on Brent crude oil prices hit their highest since March as hopes for a vaccine roll out spur hopes of a recovery in oil demand:“Progress on developing and distributing a vaccine de-risks the path back to normal for oil markets,” said Stephen Innes, chief global markets strategist at financial services firm Axi.
Persons: Joe Biden, Angus Mordant Brent, Brent, ”, Stephen Innes, AstraZeneca, Donald Trump, Joe Biden’s Organizations: Brent, U.S, REUTERS, West Texas, Pfizer, Moderna, American Petroleum Institute, Energy Information Administration, Traders, OPEC Locations: SINGAPORE, Loving County , Texas, U.S, Saudi Arabia, Russia
Risk-sensitive currencies gained on Tuesday as investors breathed easier after U.S. President Donald Trump accepted the start of a transition to a Biden administration, that is expected to include former Federal Reserve Chair Janet Yellen as Treasury secretary. Trump gave the head of the General Services Administration the go-ahead to proceed with a transition to a government led by President-elect Joe Biden despite plans to continue with legal challenges. The safe-haven yen traded at 104.49 per dollar, having slipped about 0.6% overnight while the euro slipped to $1.1844 on Monday. That helped to lift the dollar index to 92.463, off Monday's low of 92.013, its lowest since Sept. 1. Against the euro, it traded at 0.8887 to the euro, near its six-month high touched about two weeks ago.
Persons: Donald Trump, Biden, Janet Yellen, Trump, Joe Biden, Yellen, Treasury spats, Chris Rupkey, Steven Mnuchin, Kyosuke Suzuki, Suzuki Organizations: General Services Administration, President, Democratic, Treasury, MUFG Union Bank, New Zealand, Reserve Bank of New Zealand, IHS, PMI, Societe Generale, AstraZeneca, European Union Locations: New York, U.S, Europe, London, Brussels
The principle is simple: a carbon price establishes how much companies need to pay for their emissions. The biggest of those - the EU carbon market - is preparing for a major overhaul. But the trick for these markets is to get the carbon price right. “The idea of a global carbon price was built on the assumption there would be dozens of linked trading systems. “In the longer term, a global carbon price is desirable ... the fact we don’t see one immediately doesn’t mean it’s not moving in the right direction.”
Persons: Joe Biden, ”, Wendy Hughes, Frans Timmermans, Mark Lewis, Xi, Shawn He, Jos Delbeke, Huw Slater, David Hone, Biden, Bank’s Hughes Organizations: Future, REUTERS, European Union, Reuters, Carbon Markets, World Bank, ETS, The, EU, BNP, ICF Locations: BRUSSELS, Kyiv, Ukraine, China, Japan, South Korea, Paris, “, Europe, Kazakhstan, EU, Beijing, United States
Global stocks jumped on Tuesday after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary is another key driver boosting market sentiment. Global stocks rose on Tuesday as investors were broadly upbeat on President Donald Trump signalling that Joe Biden and his team can begin the formal transition process ahead of January's inauguration. Biden's plans to nominate Janet Yellen as Treasury Secretary was another key driver for markets. Asian markets were also buoyed by Trump's overnight move that seems to remove ambiguity over the presidential succession.
Persons: Donald Trump, Joe Biden's, Trump, Biden's, Janet Yellen, Joe Biden, Dow Jones, Emily Murphy, Biden, Connor Campbell, Read, MORGAN STANLEY, Yellen, Jerome Powell, Stephen Innes, Innes, Hang, Frankfurt's DAX, Mark Haefele, Brad McGill's Organizations: Federal, Dow, Nasdaq, General Services Administration, SpreadEx, Senate, Federal Reserve, Fed, Nikkei, Brent, West Texas, UBS Locations: United States, Shanghai, Europe
(Reuters) - David Dinkins, who served as New York City’s first and only African American mayor during the 1990s, died on Monday at the age of 93, police said. FILE PHOTO: Former Mayor of New York City, David Dinkins, attends Governor Andrew Cuomo's State of the State address in New York City, U.S. January 9, 2017. He eventually came to Harlem, the historically Black neighborhood in upper Manhattan, where he rose in the ranks of local politics. “For decades, Mayor Dinkins lead with compassion and an unparalleled commitment to our communities,” state attorney general Letitia James said in a statement. “I extend my deepest condolences to the family of Mayor David Dinkins, and to the many New Yorkers who loved and supported him,” Giuliani said on Twitter.
Persons: David Dinkins, New York City’s, Andrew, Stephanie Keith, Adam Navarro, Dinkins, Letitia James, “, Mayor Dinkins, Charles Rangel, Percy Sutton, Basil Paterson, David Paterson, Ed Koch, Rudy Giuliani, Giuliani, ” Giuliani, Lemrick Nelson, Yankel Rosenbaum, ” Dinkins, ” Organizations: Reuters, New York, American, REUTERS, Howard University, Brooklyn Law School, New, Twitter, New York Times Locations: New, New York City, Andrew Cuomo's, U.S, Trenton , New Jersey, Harlem, Manhattan, York, ” New York, Brooklyn
LONDON (Reuters) - Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes of a quicker recovery in economic growth and oil demand next year. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. “Next year’s oil demand estimates are bound to be amended upwards.”This is Brent’s highest since a Saudi Arabia-Russia price war just as demand was starting to crater due to the pandemic in March sent prices crashing. Also supporting oil and wider financial markets, U.S. President Donald Trump on Monday allowed officials to proceed with a transition to Joe Biden’s administration. After the price war in March, the Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+, agreed to record high output cuts to support prices.
Persons: Angus Mordant AstraZeneca, Brent, “, ”, Tamas Varga, PVM, Donald Trump, Joe Biden’s, Jeffrey Halley Organizations: REUTERS, Pfizer, Moderna, . West Texas Intermediate, “, Biden, American Petroleum Institute, Organization of, Petroleum Locations: Loving County , Texas, U.S, Saudi Arabia, Russia, OPEC
SINGAPORE — Stocks in Japan were set to trade higher at the Tuesday open as investors in Asia-Pacific react to positive coronavirus vaccine news from AstraZeneca as well as U.S. President-elect Joe Biden's choice of former Federal Reserve Chair Janet Yellen as Treasury secretary. Futures pointed to a higher open for Japanese stocks. Vaccine hopesInvestor focus on Tuesday will likely be on the continued positive momentum surrounding the race for a coronavirus vaccine. AstraZeneca said Monday interim analysis showed its coronavirus vaccine has an average efficacy of 70% in protecting against the virus. Meanwhile, news that Biden has picked former U.S. Fed Chair Yellen to be Treasury secretary could also buoy investor sentiment on Tuesday.
Persons: Joe Biden's, Janet Yellen, Biden, Ray Attrill, Stocks Organizations: Stocks, AstraZeneca, Federal, Nikkei, Vaccine, Pfizer, BioNTech, Moderna, U.S, Senate, Fed, Treasury, National Australia Bank, Dow Jones, Nasdaq Locations: SINGAPORE, Japan, Asia, Pacific, Chicago, Osaka, Australia
FILE PHOTO: A man works in the packaging facility of Chinese vaccine maker Sinovac Biotech, developing an experimental coronavirus disease (COVID-19) vaccine, during a government-organized media tour in Beijing, China, September 24, 2020. REUTERS/Thomas Peter/File PhotoSAO PAULO (Reuters) - Brazil has gathered enough infection data from a late-stage trial of an experimental COVID-19 vaccine developed by China’s Sinovac Biotech and expects to have interim results on its efficiency in early December, trial organizers said on Monday. He said an independent committee is likely to release the efficiency results in the first week of December based on its analysis of the data. Covas said Brazil’s health ministry now has all the information needed to include Coronavac in the national program, while São Paulo Health Secretary Jean Gorinchteyn expected on Monday Brazil’s regulator to approve the use of the Sinovac vaccine, CoronaVac, by January. The Sinovac vaccine has been promoted by Sao Paulo Governor João Doria, a move which has put him at odds with President Jair Bolsonaro who is a vocal China skeptic.
Persons: Thomas Peter, Dimas Covas, Covas, Jean Gorinchteyn, João Gabbardo, Sinovac’s, João Doria, Jair Bolsonaro, Bolsonaro, Janssen, Johnson Organizations: Sinovac Biotech, REUTERS, SAO PAULO, Reuters, China’s Sinovac Biotech, AstraZeneca, Monday, U.S, Pfizer, Moderna, São Paulo Health, Sao Paulo, Pfizer Inc, India’s Bharat Biotech, Russian Direct Investment Fund, Moderna Inc, Johnson Locations: Beijing, China, Brazil, Russia
ET, while the yield on the 30-year Treasury bond moved up to 1.573%. U.S. Treasury yields advanced on Tuesday after President Donald Trump accepted that President-elect Joe Biden's transition into the White House must begin. Treasury yields climbed after General Services Administration chief Emily Murphy told Biden in a letter that the Trump administration would make federal resources available for his transition into office. On Monday, Biden announced that he had chosen former Federal Reserve Chair Janet Yellen to be Treasury Secretary. ET and Federal Reserve Vice-Chair Richard Clarida at 2:45 p.m.
Persons: Donald Trump, Joe Biden's, Emily Murphy, Biden, Trump, Emily, Janet Yellen, James Bullard, John Williams, Richard Clarida Organizations: Treasury, General Services Administration, Senate, AstraZeneca, University of Oxford, Pfizer, BioNTech, Moderna, CB, Louis Federal Reserve, New York Fed, Federal
NEW YORK — David Dinkins, who broke barriers as New York City’s first African-American mayor, but was doomed to a single term by a soaring murder rate, stubborn unemployment and his mishandling of a riot in Brooklyn, has died. Dinkins died Monday, the New York City Police Department confirmed. De Blasio, who worked in Dinkins’ administration, named Manhattan’s Municipal Building after the former mayor in October 2015. In this April 10, 2014, file photo, former Mayor of New York David Dinkins speaks onstage at the PFLAG National Straight For Equality Awards at Marriott Marquis Times Square in New York City. That deal guaranteed that the U.S. Open would remain in New York City for decades.
Persons: David Dinkins, Dinkins, Dinkins ’, Joyce, Ed Koch, Rudolph Giuliani, Barack Obama, MANDEL NGAN, Critics, Dave, ”, he’s, Bill de Blasio, De Blasio, Letitia James, “, Giuliani, New York David Dinkins, ” Dinkins, Joyce Burrows, Koch, Republican Giuliani, Nelson Mandela, —, David Jr, Donna Organizations: New York, New York City Police Department, Kennedy, Port Authority, New York City, Getty, Homelessness, York Post, City Hall, Walt Disney Corp, Dinkins, New, Jewish, Marriott Marquis, Marine Corps, Howard University, Washington , D.C, Democratic, Brooklyn Law School, city’s, Republican, Korean, Yorkers, New York Police Department, United States Tennis Association, U.S, Columbia University’s School of International and Public Affairs Locations: New, Brooklyn, New York, Ellis, New York City, AFP, Manhattan’s, Trenton , New Jersey, Harlem, Southern, Washington ,, Manhattan, Central Park, Bensonhurst, U.S, South Africa, Queens
FILE PHOTO: U.S. Office of Management and Budget Director Mick Mulvaney swears in U.S. General Services Administration (GSA) Administrator Emily W. Murphy in Washington, U.S. December 5, 2017. GSA/Handout via REUTERS/File PhotoWASHINGTON (Reuters) - The head of the General Services Administration on Monday said the decision allowing the start of a presidential transition to Democrat Joe Biden was “solely mine” despite a tweet from U.S. President Donald Trump in which he said he recommended the move. “I want you to hear directly from me: I was never pressured with regard to the substance or timing of my decision. The decision was solely mine,” GSA Administrator Emily Murphy said in a letter. “I was not directly or indirectly pressured by any Executive Branch official — including those who work at the White House or GSA — to delay this determination or to speed it up.”|
Persons: Mick Mulvaney, Emily W, Murphy, Democrat Joe Biden, Donald Trump, Emily Murphy, “ Organizations: Office, Management, General Services Administration, GSA, Handout, REUTERS, WASHINGTON, Democrat, White House, GSA — Locations: U.S, Washington , U.S
REUTERS/Stephen LamTAIPEI (Reuters) - Taiwan has been having “good interactions” with U.S. President-elect Joe Biden’s team, the foreign ministry said on Tuesday, as it seeks to cement ties with the incoming administration after getting strong support from President Donald Trump’s government. The election of Biden, a Democrat, has caused some unease in Taiwan, where Trump remains a popular figure amongst the public. Taiwan foreign ministry spokeswoman Joanne Ou said the island had good contacts with both the Democratic and Republican parties. “The foreign ministry and our representative office in the United States have continued to maintain smooth communication and have good interactions with the Biden team via various appropriate means,” she said. We sincerely thank you.”Taiwan will continue to play the role of a close and reliable partner to the United States, whether in regional or global issues, Ou added.
Persons: Tsai Ing, Stephen Lam, Joe Biden’s, Donald Trump’s, Biden, Trump, Taiwan’s, Antony Blinken, Joanne Ou, ”, “ Organizations: REUTERS, U.S, Republican, Democrat, Democratic, Biden Locations: Taiwan, United States, America, Burlingame , California, U.S, Stephen Lam TAIPEI, China, Taipei, Washington
FILE PHOTO: U.S. President-elect Joe Biden receives a national security briefing in Wilmington, Delaware, U.S., November 17, 2020. REUTERS/Tom BrennerWARSAW (Reuters) - Poland will wait to see how the political and legal situation develops in the United States before recognising Joe Biden as the new president, Foreign Minister Zbigniew Rau said on Tuesday. Poland’s president has congratulated Biden on a successful campaign, but Warsaw has not officially recognised him as the next U.S. president. “It depends on the political and legal developments in the United States itself,” he told public radio. During the election campaign, Biden accused Trump of backing authoritarian leaders around the world, citing Poland among others.
Persons: Joe Biden, Tom Brenner WARSAW, Zbigniew Rau, Donald Trump’s, Biden, Rau, ”, Trump Organizations: REUTERS, Trump, European Union, White, Electoral College Locations: Wilmington , Delaware, U.S, Poland, United States, Brussels, Warsaw
REUTERS/Heinz-Peter BaderDUBAI (Reuters) - Iran expects foreign companies to return to the country if U.S. sanctions are lifted under President-elect Joe Biden and some firms have made initial contacts already, Iranian government spokesman Ali Rabiei said on Tuesday. Major foreign companies left Iran after U.S. President Donald Trump two years ago abandoned Iran’s 2015 nuclear deal with world powers and restored economic sanctions. Washington has since blacklisted dozens of foreign companies accused of cooperating with Iran. “Recently, contacts about opening offices and the presence of foreign companies in Iran have increased,” Rabiei told a news conference that was streamed live on a government website. Rabiei said companies which did not leave Iran despite sanctions could be given more opportunities in the future.
Persons: Heinz, Peter Bader DUBAI, Joe Biden, Ali Rabiei, Donald Trump, ” Rabiei, Rabiei, Trump, ” Biden Organizations: United Nations, REUTERS, Reuters, U.S, Washington Locations: Vienna, Iran, Iranian, Washington
Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. Gold slipped on Tuesday as progress on a Covid-19 vaccine and a federal agency's approval of U.S. President-elect Joe Biden's transition to the White House bolstered risk appetite, denting the bullion's safe-haven appeal. Spot gold fell 0.6% to $1,824.91 per ounce by 0332 GMT. Asian equities traded higher after AstraZeneca said on Monday its Covid-19 vaccine could be up to 90% effective. Gold is seen as a hedge against inflation, likely to result from large stimulus.
Persons: Gold, Joe Biden's, Michael Langford, Biden, Donald Trump, Trump, Kyle Rodda, Janet Yellen Organizations: ABC Refinery, House, AstraZeneca, White, U.S, Twitter, Federal, Treasury Locations: Sydney
And yet for weeks, Trump's team refused to allow Biden's transition team access to the plan. It's hard to overhype the dangers such stonewalling posed to an efficient vaccine distribution plan. Withholding the current distribution plan from the transition team risked the president-elect's team not being ready to effectively implement the plan. Biden needs to be read into the details of Trump's plan now, because the plan may need major alterations. But by refusing to immediately share details of the vaccine distribution plan with the incoming administration, lives may have already been lost.
Persons: Rudy Giuliani, Donald Trump's, Joe Biden, Trump's, Trump, Harris, Biden, We've, he's Organizations: General Services Administration, Trump, AstraZeneca, Health, Human Services, Centers for Disease Control, National Institutes of Health, Biden, CDC Locations: United States, U.S, Covid, Moderna, America, State
President Donald Trump took a significant step towards conceding the presidential election on Monday evening after his GSA chief recognized President-elect Joe Biden as the apparent winner. Trump claimed that he recommended General Services Administration chief, Emily Murphy, and his aides move forward with "initial protocols" for the presidential transition. "Our case STRONGLY continues, we will keep up the good fight, and I believe we will prevail!" The president's statement contradicts claims Murphy made in her Monday letter to Biden officially notifying his campaign of her decision. This comes more than two weeks after major media outlets declared Biden the winner of the presidential election.
Persons: Donald Trump, Joe Biden, Trump, Emily Murphy, Emily, Murphy, Murphy's, Biden Organizations: GSA, Services Administration, General Services Administration, Democratic, Republican, White, GOP Locations: Michigan
An aerial drone view of a crude oil storage facility on April 23, 2020 in Cushing, Oklahoma. Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition. "Oil prices are consolidating near three-month highs after a third successful coronavirus vaccine trial, better-than-expected flash PMI readings across Europe and the U.S.," said Edward Moya, senior market analyst at OANDA. U.S. crude oil inventories likely edged lower last week, while distillate stockpiles were seen decreasing for a 10th straight week, a preliminary Reuters poll showed on Monday. The poll was conducted ahead of reports from the American Petroleum Institute on Tuesday and the Energy Information Administration (EIA) on Wednesday.
Persons: Joe Biden, Edward Moya, AstraZeneca, Donald Trump Organizations: U.S, Brent, West Texas, OANDA, Pfizer, American Petroleum Institute, Energy Information Administration, Traders, OPEC Locations: Cushing , Oklahoma, Europe, U.S, Moderna
LONDON (Reuters) - Faced with the challenge of converting pledges to slash planet-warming emissions into policies, some of the world’s biggest economies are turning to the same tool: a carbon price. REUTERS/Marko DjuricaGlobally, about 22% of global emissions are covered by the 46 national and 32 sub-national carbon pricing schemes operating today or in the planning stage, according to the World Bank. Carbon pricing can come in the form of a tax or under a an emissions-trading, or cap-and-trade, scheme where companies or countries face a carbon limitBelow are some of the major carbon emissions trading systems (ETS) around the world. CHINAA national ETS could be launched in 2021 following pilot schemes in provinces and cities including Beijing, Chongqing, Guangdong, Hunan, Shanghai, Shenzhen and Tianjin. KAZAKHSTANIts scheme, started in 2013.
Persons: Marko Djurica Organizations: REUTERS, World Bank, ETS, EU, NEW, SOUTH KOREA ETS, STATES, Regional Greenhouse Gas Initiative, Bank, Carbon Action Locations: Lukavac, Tuzla, Bosnia, CHINA, Beijing, Chongqing, Guangdong, Hunan, Shanghai, Shenzhen, Tianjin, Iceland, Liechtenstein, Norway, KAZAKHSTAN, MEXICO, QUEBEC, States, California, Connecticut , Delaware , Maine , Maryland , Massachusetts, New Hampshire , New York, Rhode Island, Vermont
BERLIN (Reuters) - European Union member states are intensifying cooperation on the production of battery cells for electric cars and they should extend this approach into new industrial areas such as hydrogen technology, the German economy minister said on Tuesday. FILE PHOTO: German Economy Minister Peter Altmaier holds a news conference to present the government's economic autumn projection, amid the coronavirus disease (COVID-19) outbreak, in Berlin, Germany October 30, 2020. The European Union has greenlighted state support for battery cells as part of its Important Project of Common European Interest (IPCEI) scheme. Altmaier said that, in future, the most innovative and environmentally friendly battery cells should come from Europe. The increased cooperation on battery cells, enabled by the European Commission’s IPCEI scheme, should become a blueprint for other European industrial projects, for example for hydrogen technologies, Altmaier added.
Persons: Peter Altmaier, Michele Tantussi, Altmaier Organizations: BERLIN, Union, REUTERS, European Union, BMW, BASF, Peugeot, Opel Locations: Berlin, Germany, Europe, Asia, German, U.S
A sign on the entrance to a pharmacy reads "Covid-19 Vaccine Not Yet Available" in Burbank, California on Nov. 23, 2020. But an analysis by Citi Research showed that "herd immunity" may not start to form until late-2021. Developed vs. developing nationsAccording to Citi, developed markets have collectively secured 85% of total bilateral pre-orders of Covid-19 vaccines. Normalizing economic activity is projected to raise growth in developed markets by 1.2 percentage points in 2021 and 3.9 percentage points in 2022, said Citi. In comparison, emerging markets could see growth increase by 0.1 percentage points in 2021 and by 2 percentage points in 2022, projected the bank.
Persons: Robyn Beck Organizations: AFP, Getty, SINGAPORE, Citi Research, Citi, Pfizer, BioNTech, AstraZeneca, University of Oxford, Moderna, European Union, United Nations Locations: Burbank , California, U.S, Japan, Canada, Australia, Asia, China
FILE PHOTO: Chinese and Japanese flags flutter in front of the Tiananmen Gate ahead of Japan's Prime Minister Shinzo Abe's visit, in Beijing, China October 25, 2018. REUTERS/Thomas PeterTOKYO (Reuters) - Japan and China agreed on Tuesday to continue communications on issues around the East China Sea where the two countries are in dispute, Japanese Foreign Minister Toshimitsu Motegi said. Motegi made the comment after a meeting with his Chinese counterpart Wang Yi in Tokyo. At a joint press briefing, Wang said he would like to make the East China Sea “the sea of peace” through cooperation with Japan. The two countries agreed to ease restrictions on business travels imposed in the wake of the coronavirus pandemic by the end of November.
Persons: Shinzo Abe's, Thomas Peter TOKYO, Toshimitsu Motegi, Motegi, Wang Yi, Wang Organizations: Japan's, REUTERS, East China Locations: Beijing, China, Japan, East, Tokyo
STOCKHOLM/BEIJING (Reuters) - Swedish truck maker Scania, a unit under Volkswagen AG’s commercial vehicle arm Traton SE, has bought a truck company in China to start making vehicles for the first time in the world’s biggest auto market, it told Reuters. FILE PHOTO: The logo of Swedish truck maker Scania is pictured at the IAA truck show in Hanover, Sept. 22, 2016. All Scania trucks sold in China are imported and priced significantly higher than those of domestic rivals. International truck makers including MAN SE and Volvo trucks have engine partnerships with Chinese companies. Reuters previously reported Daimler AG’s plan to build Mercedes-Benz-branded trucks through its joint venture with Beiqi Foton Motor Co Ltd in Beijing.
Persons: Fabian Bimmer, Gaokai Organizations: Scania, Volkswagen, IAA, REUTERS, Fabian Bimmer Scania, Nantong, Jiangsu Gaokai Investment, Group, Jiangsu Gaokai, FAW Jiefang, Co, Dongfeng Motor, Hong, Hong Kong Ltd, International, MAN, Volvo, Reuters, Daimler, Benz, Beiqi, Co Ltd Locations: STOCKHOLM, BEIJING, Swedish, China, Hanover, China’s, Rugao, Sweden, Jiangsu, Hong Kong, Beijing
-SINGAPORE — The Biden administration will likely have to reimagine the future of U.S. economic leadership in Asia-Pacific following two massive free trade agreements signed by countries in the region, according to a former foreign policy advisor. The first of the two trade agreements is the Trans-Pacific Partnership (TPP): It was negotiated by the Obama administration but never approved by Congress. Fontaine previously served as foreign policy advisor to Sen. John McCain and worked at the U.S. State Department. He explained that President-elect Joe Biden and his administration will enter an era where the U.S. is party to neither the TPP nor the RCEP. "They are going to have to at least consider what the future of U.S. economic leadership in Asia looks like," he said.
Persons: SINGAPORE —, Biden, Obama, Donald Trump, Richard Fontaine, CNBC's, Fontaine, Sen, John McCain, Joe Biden Organizations: Port, Pacific, Congress, Trans, Comprehensive Economic, Center, New, New American Security, U.S . State Department Locations: China, Port of Los Angeles, Long Beach , California, SINGAPORE, Asia, Pacific, Australia, Japan, South Korea, New American
FILE PHOTO: A visitor wears virtual reality glasses during the Websummit in Lisbon, Portugal November 6, 2018. Slideshow ( 2 images )The hope is that virtual reality spaces will resuscitate team spirit, especially when bringing in new employees. “I think VR technology adoption is going to continue to grow over time,” she said. At a bond conference in Munich last year, Finnish bank Nordea gave investors a virtual tour of its Copenhagen trading floor through VR headsets. But while there is momentum in the sector, to be fully effective VR technology must overcome constraints such as limited display size, processing power, and battery life.
Persons: Rafael Marchante, ”, Stuart Warner, ” Warner, Ed Greig, disruptor, ” Greig, Marc Bena, Julie Ask, Forrester, David Ripert, Nordea, Phillip Wang, “, Fidelity’s Warner Organizations: REUTERS, Fidelity International, VR, Fidelity, Deloitte Digital, UBS, Microsoft, PricewaterhouseCoopers, Pico Interactive, Deloitte, Citibank, Google, Communications Locations: Lisbon, Portugal, London, Swiss, U.S, Munich, Copenhagen
NEW YORK/LONDON (Reuters) - Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world’s newest oil and gas hot spot, two people familiar with the matter said. REUTERS/Luc CohenThe deal reflects rising interest in Guyana, a small South American country of 750,000 whose oil discoveries are set to transform an economy dependent on agriculture and mining. Mike Cawood, chief executive and co-founder of Canada-registered Cataleya, declined to comment on the Elliott investment but said his shareholders come from Guyana, the Caribbean, the United States, Canada and Israel. The investment puts Elliott, run by billionaire Paul Singer, in a consortium with U.S. producer Hess Corp, which owns a 15% stake in Kaieteur. Elliott, a shareholder in Hess, pushed for changes at Hess in 2013 and remained critical here of the company's management for years.
Persons: Luc Cohen, Elliott, Mike Cawood, “ We’ve, Guyana’s, Paul Singer, Hess, Kaieteur . Elliott, Cataleya Organizations: Elliott Management Corp, Cataleya Energy, Exxon Mobil, Guyana Shore Base Inc, REUTERS, Exxon Mobil Corp, Canadian, Exxon, Canada, Industries, Initiative, U.S, Hess Corp, Peruvian, Resources Inc, Marathon Petroleum Corp, Noble Energy, Private, Hannam, Partners Locations: Guyana, Demerara, Georgetown, American, Stabroek, Kaieteur, Caribbean, United States, Canada, Israel, Kaieteur ., Hess, America
BEIJING (Reuters) - The Chinese foreign ministry on Tuesday dismissed Pope Francis’s criticism of China’s treatment of Muslim Uighurs as groundless. FILE PHOTO: Pope Francis looks on as he celebrates a Mass as part of World Youth Day, at St. Peter's Basilica, at the Vatican, November 22, 2020. People of all ethnicities in Xinjiang enjoy full protection of their subsistence rights, developmental rights and religious freedom, Zhao said. “The remarks by Pope Francis are groundless,” he said. Faith leaders, activist groups and governments have said crimes against humanity and genocide are taking place against Uighurs in China’s Xinjiang region, where more than 1 million people are held in camps.
Persons: Pope, Uighurs, Pope Francis, Vincenzo Pinto, ” Pope Francis said, “, Zhao Lijian, ”, Zhao, Yazidi Organizations: Vatican, REUTERS, Islamic, Uighurs Locations: BEIJING, St, Peter's, Xinjiang, Myanmar, Islamic State, Iraq, China’s Xinjiang, Beijing, China
Ford’s warranty costs for the first nine months of 2020 were more than $2 billion higher than those of GM. Bad parts from suppliers account for about one-third of Ford’s warranty costs, Drake said. In 2012 and 2013, Ford’s warranty claims as a share of sales were below 2% every quarter, according to industry publication Warranty Week. But at the end of 2018, warranty costs topped 3% and hit 4.3% in the second quarter of this year as overall sales slid due to the coronavirus shutdown. For a graphic on Ford's warranty costs, click: tmsnrt.rs/2UiI9XPFor the first nine months of 2020, Ford’s warranty costs totaled $3.87 billion, while GM’s were $1.68 billion, according to regulatory filings.
Persons: Jim Farley, Rebecca Cook, Ford, ” Kumar Galhotra, “, ”, Lisa Drake, automaker’s, Drake, Galhotra, Ann Marie Uetz, Foley, Lardner, Farley, Daniel Levy, Eric Arnum, ” Ford, that’s, ” Farley, Levy Organizations: DETROIT, Ford Motor, Ford Motor Co, REUTERS, General Motors Co, International Markets, Reuters, ” Ford, Ford, GM, Industry, GAP, Credit Suisse Locations: Dearborn , Michigan, U.S, North America
FILE PHOTO: The logo of All Nippon Airways (ANA) is seen on its counter amid the coronavirus disease (COVID-19) outbreak, at a terminal of the Tokyo International Airport, commonly known as Haneda Airport, in Tokyo, Japan October 27, 2020. REUTERS/Kim Kyung-HoonTOKYO (Reuters) - Shares of ANA Holdings Inc fell as much as 4.2% on Tuesday after a report said Japan’s biggest airline plans to issue new shares, seeking to raise around $1.9 billion, as early as this week. The issuance is expected to raise around 200 billion yen ($1.9 billion), one of the sources said. ANA’s stock was down 1.9% by 0336 GMT, compared to a 2.8% rise in the benchmark Nikkei 225 Stock Average, as trading resumed after a long weekend. Domestic rival Japan Airlines Co Ltd said earlier this month it would raise $1.8 billion in a share sale to strengthen its finances.
Persons: Kim Kyung, TOKYO Organizations: All Nippon Airways, Tokyo International Airport, Haneda Airport, REUTERS, ANA Holdings Inc, Japan’s, ANA, Reuters, Airlines, Nikkei, Japan Airlines Co Ltd Locations: Tokyo, Haneda, Japan, United States, Europe
NSW has since notched a month without any COVID-19 cases where the source is unknown and restrictions on arrivals from Sydney will be eased on Dec. 1, Queensland Premier Annastacia Palaszczuk said. AstraZeneca said its COVID-19 vaccine, cheaper to make, easier to distribute and faster to scale-up than its rivals, could be as much as 90% effective. Australia has reported more than 27,800 cases of COVID-19 and 907 deaths since the pandemic began, but estimates there are fewer than 100 active COVID-19 cases remaining, mostly people in hotel quarantine. Qantas, meanwhile, said it will insist in future that international travelers have a COVID-19 vaccination before they fly, describing the move as “a necessity”. Australia closed its international borders in March and currently requires returning travelers from overseas to quarantine for two weeks.
Persons: Sandra Sanders, Annastacia Palaszczuk, ” Palaszczuk, Scott Morrison, Greg Hunt, ” Hunt, Victoria, Alan Joyce, Gladys Berejiklian, Berejiklian, Jodi McKay, ” Organizations: SYDNEY, REUTERS, NSW, Queensland, Residents, Brisbane . NSW, Victoria, Qantas Airways, Virgin Australia, Qantas, Health, AstraZeneca, ”, Channel Nine Locations: Australia, Victoria, Melbourne, Sandra Sanders Queensland, New South Wales, NSW, Sydney, Queensland, Brisbane ., South Australia, Victorian
REUTERS/Daniel MunozHONG KONG (Reuters Breakingviews) - Australian cheese-maker Bega could buy Lion Dairy for $402 million after the government blocked a Chinese buyer. A local champion might consolidate the domestic market, but there are few substitutes for demand from the People’s Republic. An offer from China Mengniu Dairy was the first to be blocked by the Foreign Investment Review Board after Australia shook up investment law in July. A sale to Mengniu would have helped to tap the Chinese market, which is almost eight times larger than Australia’s, and growing faster too. Without Mengniu, Lion is unlikely to generate anything like that Down Under.
Persons: Daniel Munoz HONG, COFCO Dairy, Bega, Kirin, Fonterra, Miles Hurrell, Lion, Euromonitor Organizations: REUTERS, Daniel Munoz HONG KONG, Reuters, Foreign Investment, Board, Australia, COFCO, Local, New Zealand, Treasury Wine Estates, Farmers ’ Locations: Sydney, Australia, Bega, People’s Republic, China, Mengniu’s, Canberra, Beijing, New Zealand, New, Farmers ’ Union
ADDIS ABABA/NAIROBI (Reuters) - Tigrayan forces said on Tuesday they had destroyed an Ethiopian army division in battles to control the northern region where a three-week-old war has killed hundreds and spread global alarm. FILE PHOTO: Tents belonging to Ethiopian refugees fleeing from the ongoing fighting in Tigray region, are seen at the Um-Rakoba camp, on the Sudan-Ethiopia border, in the Al-Qadarif state, Sudan November 23, 2020. But the battle-hardened TPLF say their troops are keeping the federal army at bay and scoring some big victories. He has given Tigrayan forces until Wednesday to surrender or face an assault on the highland city of Mekelle, home to about half a million people. The TPLF says he wants to subdue Tigray to amass more personal power.
Persons: Mohamed Nureldin Abdallah, Abiy, Getachew Reda, Billene Seyoum, al, ” Abiy, Debretsion Gebremichael Organizations: Ethiopian, REUTERS, Mekelle, Tigray TV, Reuters, African Union, U.S, Citizens Locations: ADDIS ABABA, NAIROBI, Tigray, Sudan, Ethiopia, Mekelle, Raya, Eritrea, Somalia, al Qaeda, United States, U.S, Eritrea’s, Asmara, France, Amhara
Mandatory credit Kyodo/via REUTERSTOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday he saw no immediate need to overhaul the central bank’s monetary policy framework, as the hit to the economy from COVID-19 keeps inflation distant from its 2% inflation target. “There is no need now to review our policy framework. But there could be debate at an appropriate timing in the future,” Kuroda said in a semi-annual testimony to parliament. “I don’t think we need to overhaul our projections” due to the global resurgence in COVID-19 infections, Kuroda said. Under a policy dubbed yield curve control, the BOJ sets its short-term rate target at -0.1% and that for long-term rates around zero.
Persons: Haruhiko Kuroda, ” Kuroda, Kuroda, “ Organizations: Bank of Japan, Kyodo, REUTERS, U.S . Federal Locations: Tokyo, Japan, REUTERS TOKYO, COVID
WASHINGTON — Sen. Dianne Feinstein said Monday she will step down as top Democrat on the Judiciary Committee in the new session of Congress beginning early 2021, marking a victory for progressives who pressured her to step aside. “After serving as the lead Democrat on the Judiciary Committee for four years, I will not seek the chairmanship or ranking member position in the next Congress,” the California Democrat said in a statement. This has been one of the best set of hearings that I've participated in,” Feinstein told Graham in the committee room. “For the last four years, Republicans leading the Senate Judiciary Committee have turned a blind eye to the worst abuses of the Trump era,” Durbin said in a statement. “While President Trump assaulted the Constitution, the Judiciary Committee abdicated its oversight responsibilities and became little more than a conveyor belt to rubberstamp ideological and largely underqualified judicial nominees.
Persons: WASHINGTON — Sen, Dianne Feinstein, “, Feinstein, Diane Feinstein, Lindsey Graham, Amy Coney Barrett, Samuel Corum, I've, ” Feinstein, Graham, NARAL, MoveOn.org, Barack Obama, Donald Trump, Mitch McConnell, ”, Brian Fallon, Chuck Schumer, “ I’ve, Sen . Feinstein, That’s, Schumer, Feinstein’s, Biden, Dick Durbin, Trump, ” Durbin Organizations: California Democrat, Supreme, Capitol, Getty, Demand, Republicans, “, Committee, Judiciary, Intelligence Locations: California, Illinois, Georgia
FILE PHOTO: United Nations Secretary-General Antonio Guterres speaks during a news conference at U.N. headquarters in New York City, New York, U.S., November 20, 2020. REUTERS/Eduardo MunozGENEVA (Reuters) - United Nations Secretary-General Antonio Guterres called on Tuesday for an “immediate, unconditional ceasefire” in Afghanistan to create a conducive environment for Doha peace talks with the Taliban. “An inclusive process, in which women, young people and victims of conflict are meaningfully represented, offers the best hope of sustainable peace,” Guterres told an Afghanistan conference in Geneva. “Progress toward peace will contribute to the development of the entire region, and is a vital step towards the safe, orderly and dignified return of millions of displaced Afghans.”
Persons: Antonio Guterres, Eduardo Munoz, ” Guterres, ” Organizations: United Nations, U.N, REUTERS, Eduardo Munoz GENEVA, Doha, “ Locations: New York City , New York, U.S, Afghanistan, Geneva
REUTERS/Jane Rosenberg(Reuters) - Ghislaine Maxwell has been quarantined after staff tested positive for coronavirus at the jail where she is awaiting trial on charges she aided late financier Jeffrey Epstein’s sexual abuse of girls, U.S. prosecutors said in a letter on Monday. The staff tested positive last week and Maxwell was checked for the virus on Nov. 18 using a rapid test which was negative, the prosecutors said in a letter to U.S. District Judge Alison Nathan. Maxwell was placed in quarantine at the Metropolitan Detention Center in Brooklyn for 14 days, said the letter. Maxwell has not shown any symptoms of COVID-19 and will be tested again at the end of her two-week quarantine. Legal calls to her counsel are permitted for three hours a day in a room where she is alone without a jail staff.
Persons: Ghislaine Maxwell, Jeffrey Epstein, Jane Rosenberg, Jeffrey Epstein’s, Maxwell, Alison Nathan, Epstein Organizations: Manhattan Federal Court, REUTERS, Metropolitan Detention Locations: Manhattan, New York City , New York, U.S, Brooklyn, British
After weeks of delay, the head of the General Services Administration informed President-elect Joe Biden on Monday that the official governmental transition process has been approved. In her letter, Murphy also denied that she had been under pressure from the White House to delay the process. Read Murphy's full letter here:The Biden campaign celebrated the news in a statement. "Today’s decision is a needed step to begin tackling the challenges facing our nation, including getting the pandemic under control and our economy back on track," Biden transition adviser Yohannes Abraham said. "This final decision is a definitive administrative action to formally begin the transition process with federal agencies.
Persons: Joe Biden, Emily Murphy, Biden, Murphy, Trump, Emily, –, — Donald J, Read, Yohannes Abraham said Organizations: General Services Administration, GSA, House, White House, Trump
NEW YORK (Reuters) - Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. Going from $18,000 to $100,000 in one year is not a stretch, Brian Estes, chief investment officer at hedge fund Off the Chain Capital, said. “Any hedge fund model on bitcoin is rubbish. In May, bitcoin went through a third “halving,” which reduced the rate at which new coins are created, restricting supply. Investors like Stanley Druckenmiller, founder of hedge fund Duquesne Capital, and Rick Rieder, BlackRock Inc’s chief investment officer of global fixed income, have recently touted bitcoin.
Persons: Benoit Tessier It’s, bitcoin, Brian Estes, “, ” Estes, Tom Fitzpatrick, Kevin Muir, ” Muir, Cash, Phil Bonello, Bonello, Stanley Druckenmiller, Rick Rieder, Lennard, Juan Perez, ” Perez Organizations: YORK, La Maison du, REUTERS, Paypal, Citi, PayPal, Pantera Capital, Investors, Duquesne Capital, BlackRock, Stack, Tempus Inc Locations: La, Paris, France, Toronto
ROME (Reuters) - Prime Minister Giuseppe Conte has warned Italians not to ski during the Christmas holidays to help curb a second wave of the new coronavirus pandemic that has killed more than 50,000. But Conte said this year it would not be possible “to allow holidays on the snow. Many Italian regions are under partial lockdown to try to slow the outbreak, with restrictions due to stay in place until at least Dec. 3. Most of the ski resorts are concentrated in the northern regions of Piemonte, Valle d’Aosta, Lombardy, Trentino, Alto Adige. Conte said that he has held talks with French President Emmanuel Macron and German Chancellor Angela Merkel over a “common European protocol”.
Persons: Giuseppe Conte, Yara, Conte, ” Conte, Valeria Ghezzi, “ Conte, Emmanuel Macron, Angela Merkel Organizations: REUTERS, Reuters Locations: ROME, Chigi, Rome, Italy, Europe, Britain, Piemonte, Valle d’Aosta, Lombardy, Trentino, Alto Adige, Austria, France, Slovenia, Switzerland, Mont Blanc
Half of the time I’m confused, to be honest with you.”Even before restrictions eased in early summer, “Stay at Home” became “Stay Alert.” July saw the introduction of “Wash Hands. The rules varied from town to town as authorities tried to target specific hot spots. In the North East, new rules mean you cannot meet people from different households in social settings indoors, including in pubs, restaurants and your home. Space.”The government also introduced a new three-tier alert system for England in which different places were assigned different rules based on infection rates. In Liverpool, which was designated the very high alert level, pubs and restaurants were ordered to close.
Persons: Phil Noble, Boris Johnson, ”, Joinal Abdin, Queen Anne, Johnson, ” Johnson, wasn’t Organizations: REUTERS, National Health, British, Bolton, Queens, “, England, Scotland Locations: Bolton, Britain, British, United Kingdom, Oldham, England, Wales, Scotland, Northern Ireland, Bury, Queens, “, ”, Liverpool, London
MANILA (Reuters) - China’s embassy in the Philippines has denounced the United States for “creating chaos” in Asia, after a visiting White House envoy backed countries in disputes with China and accused Beijing of using military pressure to further its interests. China claim to 90% of the South China Sea includes areas claimed by Brunei, Malaysia, the Philippines, Taiwan and Vietnam. The United States has repeatedly sent warships to the strategic waterway to demonstrate freedom of navigation there. “Facts have proved that the U.S. is the biggest driver of the militarization,” the embassy statement said, calling it “the most dangerous external factor” in the South China Sea. The United States embassy in Manila had no immediate response.
Persons: Robert O’Brien, “ we’ve, “, O’Brien Organizations: White, United Locations: MANILA, Philippines, United States, Asia, China, Beijing, Manila, Taiwan, Vietnam, U.S, South, Taiwan and Hong Kong, Brunei, Malaysia, South China
Chinese State Councilor and Foreign Minister Wang Yi speaks at a joint press conference with French Foreign Affairs Minister Jean-Yves Le Drian in Beijing, China on September 13, 2018. China's Foreign Minister Wang Yi is set to visit Tokyo on Tuesday, marking the first such high-level trip since Japan picked a new leader in September and amid mounting concerns over Beijing's growing assertiveness in the region. Earlier this month, China signed the Regional Comprehensive Economic Partnership (RCEP) with other 14 economies including U.S. allies Japan and South Korea, but the United States was not party to the deal. It was the first multilateral trade deal for China, the first bilateral tariff reduction arrangement between Japan and China, and the first time China, Japan and South Korea have been in a single free-trade bloc. Wang will fly to South Korea after Japan, for talks that will include North Korea.
Persons: Wang Yi, Jean, Yves Le Drian, Wang, Yoshihide Suga, Suga, Japan's, Toshimitsu Motegi, Motegi, China's Organizations: French Foreign Affairs, China's, Comprehensive Economic Locations: Beijing, China, Tokyo, Japan, United States, Australia, Vietnam, Indonesia, Southeast Asia, East, South Korea, North Korea
An anonymous senior Trump campaign advisor said they think Trump "basically just conceded" after the president tweeted he recommended the start of the Biden-Harris transition, according to The Washington Post. Emily Murphy, the Trump-appointed head of the General Services Administration, sent a letter earlier Monday to President-elect Joe Biden allowing him to access resources to begin the presidential transition. An anonymous senior Trump campaign advisor said they think Trump "basically just conceded" after the president tweeted he recommended the start of the Biden-Harris transition, The Washington Post reported. "The actual winner of the presidential election will be determined by the electoral process detailed in the Constitution," Murphy continued in the letter. The senior Trump campaign official told The Post on the condition of anonymity that the president's tweet was "basically" him conceding the election to Biden.
Persons: Trump, Harris, Emily Murphy, Joe Biden, Murphy, Biden, Emily, That's Organizations: Biden, The Washington Post, Trump, General Services Administration, GSA, Washington Post, US General Services Administration
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda attends a news conference in Tokyo, Japan March 16, 2020, in this photo released by Kyodo. Mandatory credit Kyodo/via REUTERSTOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday he did not see Japan heading towards deflation, but added he would watch service-sector consumption and capital expenditure closely. “We expect capital expenditure to rebound, as the hit from COVID-19 eases and helps lift corporate profits,” Kuroda told a semi-annual testimony to parliament.
Persons: Haruhiko Kuroda, ” Kuroda Organizations: Bank of Japan, Kyodo, REUTERS Locations: Tokyo, Japan, REUTERS TOKYO, COVID
The survey, conducted in October before a series of COVID-19 vaccine trial breakthroughs, showed that 42% of executives now expect a decrease in their 2020 investment plans and 31% plan to delay them to 2021. That compared with 66% who expected decreases and 23% who saw delays when asked the same question back in April. This time around, a small number - 10% - even saw an increase to their 2020 investments, something no one did in April. While that still means a big overall hit to foreign direct investment after 2019’s record year, EY noted that 21% of those surveyed believed Europe would be more attractive for investment post-Covid compared to just 8% in April. Among the other takeaways from the EY survey, 63% expected faster roll-out of digital customer access to surveys in the next three years (versus 55% in April) but only 37% now saw a reversal of globalisation (versus 56%).
Persons: Kai Pfaffenbach, EY, Julie Teigland Organizations: REUTERS, Kai Pfaffenbach LONDON, Global Locations: Frankfurt, Germany, Europe, “
Early in the pandemic, hospitals were competing for ventilators, Covid-19 tests and personal protective equipment. Doug Burgum told health care workers to stay on the job even if they've tested positive for Covid-19. Hospitals not only pay the higher salaries offered to traveling nurses but also pay a commission to the traveling nurse agency, Sorenson said. "Even if the health care sector can somehow find more beds, it cannot just go out and buy more front-line caregivers." Demand in Rocky Mountain statesMeanwhile, business is booming for companies centered on health care staffing, such as Wanderly and Krucial Staffing.
Persons: DENVER —, Claire Tripeny, She'd, Tripeny, Angelina Salazar, it's, Julie Lonborg, It's, Tessa Johnson, she's, Johnson, Doug Burgum, they've, Jordan Sorenson, Sorenson, Adam Seth Litwin, Litwin, Covid, David Deane, Deane, We've, Brian Cleary, Cleary, Amber Hazard, Hazard Organizations: DENVER, Anthony Hospital, ventilators, Western Healthcare Alliance, Colorado Hospital Association, North Dakota Nurses Association, Gov, Utah Hospital Association, " Nurses, Cornell University, of Nursing, Krucial, NBC, Rocky, New, Twitter, Facebook Locations: Lakewood , Colorado, New Jersey, Denver, Sioux Falls , South Dakota, Fargo , North Dakota, Covid, Colorado, Utah, California, Washington, New York, North Dakota, Mountain, South Dakota, Aruba, Bahamas, Curacao, Texas, Bronx, Kentucky
FILE PHOTO: A visitor is seen at a Nissan Motor showroom in Tokyo, Japan, Nov. 11, 2020. REUTERS/Issei KatoTokyo (Reuters) - Nissan Motor Co Ltd on Tuesday said it will sell a redesigned version of its best-selling Note compact car in Japan from December featuring new hybrid drive technology, to win market share from Toyota Motor Corp and Honda Motor Co Ltd. The Note will feature “e-Power” hybrid technology, which uses a gasoline engine to charge a battery that powers the vehicle. In Japan, the Note, which uses a platform designed with French alliance partner Renault SA, will compete With Toyota’s Yaris and Honda’s Fit. A Nissan spokeswoman said the automaker has not made any decision on selling the redesigned vehicle in other markets.
Persons: Issei Kato Tokyo, Carlos Ghosn, Toyota’s Yaris Organizations: Nissan, REUTERS, Nissan Motor Co, Toyota Motor Corp, Honda Motor Co Ltd, Renault SA Locations: Tokyo, Japan, China, United States
Slideshow ( 2 images )JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Tuesday he would visit Bahrain “soon” at the invitation of the Gulf state’s Crown Prince Salman al-Khalifa. Bahrain followed the United Arab Emirates in normalising ties with Israel in a deal brokered by the United States that marked a strategic Middle East alignment against Iran. “We are both excited to bring the fruits of peace to our people and countries in such a short time. That’s why he (al-Khalifa) invited me to come soon for a formal visit in Bahrain and I will do this happily,” Netanyahu said in a statement about a phone call he held with the crown prince. Since September, the Trump administration has brokered agreements with Bahrain, the United Arab Emirates and Sudan toward normalising their relations with Israel.
Persons: Benjamin Netanyahu, Bahrain “, ”, Prince Salman al, Khalifa, ” Netanyahu, Netanyahu, Prince Mohammed bin Salman, Mike Pompeo, Saudi, Prince Faisal bin Farhan Al Saud, Trump, Joe Biden, Biden Organizations: Gulf state’s, United Arab Emirates, Israel, Bahraini, Sunday, United Arab, White Locations: JERUSALEM, Bahrain, Khalifa . Bahrain, United States, Iran, Saudi Arabia, United Arab Emirates, Sudan, normalising, Israel, Israeli
FILE PHOTO: A view shows the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. REUTERS/Evgenia NovozheninaMOSCOW (Reuters) - Russian online retailer Ozon raised nearly $1 billion in its debut New York share listing on Tuesday, pricing the deal above initial guidance as investors scrambled to capitalise on an e-commerce boom in the world’s largest country. Sales at Ozon, which has more than 11 million active buyers and holds a near 7% share of Russia’s e-commerce market, have boomed this year amid the COVID-19 pandemic as lockdowns forced a switch to online shopping. The country’s e-commerce market is expected to grow by another 34% to reach 2.1 trillion roubles ($28 billion) this year, according to Ozon’s IPO prospectus. Privately owned Wildberries leads the Russian e-commerce market with a 15% share.
Persons: Ozon, Oleg, Baring, Baring Vostok’s Organizations: REUTERS, En, Sistema, Nasdaq, Privately Locations: Moscow, Russia, Evgenia, MOSCOW, Russian, York
FILE PHOTO: Chinese Foreign Ministry spokesman Zhao Lijian attends a news conference in Beijing, China September 10, 2020. REUTERS/Carlos Garcia RawlinsBEIJING (Reuters) - China urged Britain on Tuesday to curb its colonial mindset, hypocrisy and double standards, in a response to its series of six-monthly reports on the former colony of Hong Kong. The remarks were made by foreign ministry spokesman Zhao Lijian at a news conference in the Chinese capital of Beijing.
Persons: Zhao Lijian, Carlos Garcia Rawlins Organizations: Foreign Ministry, REUTERS, Carlos Garcia Rawlins BEIJING Locations: Beijing, China, Britain, Hong Kong
The vaccine's creator, Sarah Gilbert, had faith in its efficacy from the start: Her triplets participated in the UK trial. The UK trial included three notable participants: the triplets of the vaccine's creator, Sarah Gilbert. As young adults in their 20s, Gilbert's children fit the typical profile of a vaccine trial volunteer. A UK coronavirus vaccine trial. Kirsty O'Connor/PA Images via Getty ImagesThe UK trial resumed less than a week later, after local regulators determined it was safe to do so.
Persons: Sarah Gilbert, Gilbert, —, Rob Blundell, Caitlin, Susannah, Freddie, Merve Emre, coronavirus, Kirsty O'Connor, Oxford, didn't, Moderna's Organizations: AstraZeneca, University of Oxford, Pharmaceutical, Bloomberg, Oxford, University of Bath, Twitter, BBC, Food and Drug Administration, Pfizer, Moderna Locations: Brazil, China, COVID
Fuyang City, Anhui Province, China, July 29, 2020. China's embassy in the Philippines has denounced the United States for "creating chaos" in Asia, after a visiting White House envoy backed countries in disputes with China and accused Beijing of using militarypressure to further its interests. The United States should "stop inciting confrontation" in the South China Sea and "stop making irresponsible remarks on the Taiwan and Hong Kong issue, which are purely China's internal affairs," the statement said. O'Brien has warned China it would face a "backlash" if it attempted to use military force to coerce Taiwan, which China views as one of its provinces with no right to state-to-state ties. The United States and China have been at loggerheads over issues from technology and human rights to Chinese maritime militarization, with each accusing the other of deliberately provocative behavior.
Persons: Robert O'Brien, we've, O'Brien Organizations: White Locations: Fuyang City, Anhui Province, China, China's, Philippines, United States, Asia, Beijing, Manila, Taiwan, Vietnam, U.S, South, Taiwan and Hong Kong
David Dinkins, the first and only Black mayor of New York City, has died at the age of 93. Dinkins served as the city's 106th mayor from 1990 to 1993, a tumultuous time in its history. David Dinkins, the first Black mayor of New York City, has died at the age of 93. In 1989, Dinkins defeated former US Attorney Rudolph "Rudy" Giuliani in the general election, becoming the city's 106th and first Black mayor. After he left office, Dinkins served as a Professor of Professional Practice at the Columbia University School of International and Public Affairs.
Persons: David Dinkins, Dinkins, Bill de Blasio, Joyce, Charles Rangel, Percy Sutton, Basil Paterson, Rudolph, Rudy, Giuliani, Nelson Mandela, Mandela, David Jr, Donna Dinkins Hoggard, Joyce Belton Organizations: The New York Times, US Marine Corps, Howard University, Brooklyn Law School, New, New York State Assembly, Manhattan Borough, Kennedy, Port Authority, City Hall, United States Tennis Association, Columbia University School of International and Public Affairs Locations: New York City, Manhattan, Trenton , New Jersey, Harlem, America's, Ellis, New York, Crown, Brooklyn, Guyanese
The defaults have angered investors, who say their faith in the firms’ top-notch ratings, seemingly sound finances and implicit state backing has been violated. Huachen boasted a AAA issuer rating when it launched its 1 billion yuan ($151.93 million) three-year, privately placed bond in October 2017. SOE defaults are not new, but blocking bondholders from liquid assets is, said Rocky Fan, economist at Sealand Securities. In a separate instance, Tsinghua Unigroup, a chipmaker backed by Beijing’s prestigious Tsinghua University, defaulted on a three-year, 1.3 billion yuan bond on Nov. 15, shortly after a rating agency warned of debt risks at the company. The defaults sent other bonds issued by Yongcheng, Huachen and Tsinghua Unigroup to about a tenth of their face value.
Persons: naivety, ”, Vincent Jin, Huachen, Jin, Jin didn’t, “ It’s, Andrew Collier, Rocky Fan, ” Fan, Yongcheng, Fraser Howie, “, Michel Lowy, Liu Ning, Zhang Guoqing, it’s, Tiansi Wang Organizations: Huachen Automotive Group Holdings Co, AAA, China Automotive Holdings Ltd, BMW, Communist Party, Orient Capital Research, Yongcheng, Electricity Holding, Zhongyuan, Sealand Securities, Tsinghua, Beijing’s, Tsinghua University, SC Lowy, Secretary Locations: SHANGHAI, SINGAPORE, Beijing, Shanghai, Liaoning, Hong Kong, COVID, China, Henan, Zhongyuan Bank, Sealand, Huachen, Qinghai province, Tianjin
LONDON (Reuters) - Few contacts of a person with COVID-19 in England are reached by the NHS Test and Trace service, Reuters found. People walk past an information board following the outbreak of the coronavirus disease (COVID-19) in Bolton, Britain, September 23, 2020. Between May 28 and Nov. 4, tracers reached and obtained details of contacts from just two-thirds of the 767,074 people who tested positive for COVID-19. Reuters analysed 730,000 COVID-19 cases and found it took on average three days to publish the results to a national dashboard. According to government agency Public Health England, the full details of cases are passed to contact tracers a few hours before results are published to the dashboard.
Persons: Phil Noble, ”, –, ZOE, Adam Kucharski Organizations: NHS, Reuters, REUTERS, London School of Hygiene, Tropical Medicine, Oxford University, King’s College London, Public Health, London School Locations: England, Bolton, Britain
SINGAPORE — Investments in China's massive infrastructure project in 2020 could fall "well short" of last year's level as the coronavirus pandemic caused financial strains in participating countries, according to Moody's Investors Service. So certainly, this year, we've seen a rise in credit stress that we don't expect to go away in 2021. The Moody's report said some BRI participating countries have sought financing support from the International Monetary Fund or debt relief from G-20 lenders, including China. Moody's named China Development Bank and Export-Import Bank of China as having "significant exposure" to projects under the initiative. Moody's estimated that fresh Chinese-led investment flows into participating countries may not return to levels seen in 2014-2019 in the next two years.
Persons: Greg Baker, Michael Taylor, we've, Taylor, CNBC's, Moody's Organizations: SINGAPORE — Investments, Moody's Investors Service, Initiative, Workers, AFP, Getty, —, International Monetary Fund, China Development Bank, Export, Import Bank of China Locations: SINGAPORE, China, Asia, Europe, Africa, Beijing, Moody's, Pakistan, Zambia, Tanzania, Angola